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Morgan Stanley flags execution risks that could pressure Dixon Technologies outlook
Morgan Stanley remains cautious on Dixon Technologies, citing regulatory uncertainty around IT hardware imports and maintaining an underweight rating with downside risk.
Dixon Technologies came under investor scrutiny after Morgan Stanley raised concerns over the company’s ability to meet its long term guidance, despite recent strong financial performance. The brokerage highlighted uncertainty around IT hardware import regulations, which could slow localisation plans and impact production ramp-up. Morgan Stanley has retained its ‘Underweight’ rating on the EMS major and set a target price of ₹11,563, implying further downside from current levels.